The Canadian dollar is supported by high oil prices, but at the same time, the US dollar is supported by the geopolitical situation. However, the price is still expected to fall to the level of 1.26660. ------------------- Share your opinion in the comments and support the idea with Like. Thanks for your support!
The price of the currency pair is trading below the level of 0.92055, which indicates a short-term short. Thus, most likely in the near future we should expect a fall to 0.91435. ------------------- Share your opinion in the comments and support the idea with Like. Thanks for your support!
A movement towards the level 1.28370 is quite probable. However, it is necessary to be careful and do not set the target higher yet. The Canadian can support rising oil prices, which will pull the pair down. ------------------- Share your opinion in the comments and support the idea with Like. Thanks for your support!
Traders, UKOIL (Brent) can still go higher. It has reached an FCP zone so any long positions for swing trade are not good ideally. However there is a gap available at 98 and then we have round number 100. This can also push upwards of this FCP zone to reach the final FCP zone of 105. Then it will be a good candidate for a short. Right now, trade in steps only....
This is an update on the post I made last week regarding the correction I want to see before trading (you can see the full post on the "link to related ideas") The concept of the setup is pretty simple. The price has already behaved in similar ways in the current area in the past, and the last thing I need to observe to say "This is ready" is the correction I...
The price of oil is strengthening its bullish potential more and more. As before, the price approach to 94 is expected. BUY scenario: Mainly growth is expected from the same level of 88.65. Longs are relevant from the current ones. But it must be remembered that closing the price under 88.65 cancels all purchases. ...
A divergence between price and the RSI. Green line is minimum target. Looking at around 2.50 dollar drop.
At the beginning of next week, a slight downward movement is expected immediately to support 85.15, from where the price is likely to continue its upward movement to new highs. SELL scenario: Due to a small rollback to support 85.15, one can open a short position with a small stop loss at the level of 88.65. The target, respectively, of the fall lies at the...
Oil is likely to hold above 85$ in the near future. At the moment, a small downward correction suggests itself, but you should be careful, as the price is moving in a strong uptrend. SELL scenario: A deal to sell is expected after the formation of the third top. This setup will be as confident as possible with the target of 85.15. ...
Oil buyers have done a great job in their favor by closing the week above the level of 85.15. Now one should expect a test of this level, from where you should set the buy priority for yourself. SELL scenario: A rollback to 85.15 is not long in coming, and on Monday you can try to sell accurately. The best option was a candlestick formation at current levels...
it will cont to downtrend i think if its not goes up! beware of box
Top-down analysis on WTI Crude Oil. Key levels & price action. Trading recommendations & thoughts. ❤️Please, support this idea with like and comment!❤️
Hi guys! Pay attention to the breakout of short-term resistance line. Best regards
And so, the short-term SELL confirms for oil. The price area 81.70 - 83.40 serves as a resistance for further growth. Now the instrument is at the resistance line of the descending channel, which at the beginning of the next week may lead to active sales. Remember, there is no place for luck in trading - only strategy! Thanks for the likes and comments.
➡️ Brent Crude is trading at $80.70 per barrel and is moving within the fall and the downtrend channel. The presence of a bearish trend can be traced for the instrument, which can develop into a correction. As part of the forecast for the Oil rate for November 5, 2021, the growth of the asset value is expected to develop and the test level of $83.10 . Where can...
The paper successfully tested a new height and is moving higher. Fundamental factors are on its side. It traded. I recommend to take with fast targets to 33. ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the...
➡️ Metals rallied sharply amid risk appetite, a weakening dollar and declining yields in the US. GOLD has reached the level of $1813 . The metal is trading near the top with continued bullish momentum. The rally is strengthened by the correction of the US dollar and the moderate recovery in US bonds. US equities are trading mixed, but not near lows, which also...
Traders, USOIL has been breaking all short opportunities and is very over extended. Watch USDCAD for clues. If and when USDCAD will start to rise there are chances that will start to fall. There is a pattern there and it can fall any time. This fall will be sudden possibly based on some sort of news event with careful planning of their geopolitical agendas....